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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 785 · 40 questions
TalentJR

Business tip (SP minus CP): Profit = selling price − cost price (when SP is more than CP). Loss = cost price − selling price (when SP is less than CP) — we always say “a loss of ₹…”, never a minus sign. Total profit = profit on one × number sold. Selling price needed = cost + profit wanted.

NameDateTime takenScore ___ / 40
  1. 1.It costs ₹52 to make one clay diya. On the last day Vihaan sells it for only ₹50. How much is the loss on one (in ₹)?
  2. 2.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  3. 3.True or false: “the price you sell at” is the cost price. (a) True (b) False
  4. 4.One bag of popcorn costs Kavya ₹54 to make and sells for ₹60. Is that a profit or a loss? (a) Loss (b) Profit
  5. 5.It costs ₹8 to make one glass of chai. Riya sells it for ₹18. What is the profit on one (in ₹)?
  6. 6.📉 When is there a loss? (a) SP equal to CP (b) always (c) SP less than CP (d) SP more than CP
  7. 7.One handmade card costs Riya ₹48 to make and sells for ₹57. Is that a profit or a loss? (a) Loss (b) Profit
  8. 8.📈 When is there a profit? (a) SP equal to CP (b) SP less than CP (c) SP more than CP (d) never
  9. 9.One paper bookmark costs Kabir ₹37 to make and sells for ₹34. Is that a profit or a loss? (a) Profit (b) Loss
  10. 10.True or false: “cost of making one” is the cost price. (a) False (b) True
  11. 11.💵 Selling price means… (a) the loss (b) what it cost you (c) the stall fee (d) what the buyer pays
  12. 12.True or false: “cost of making one” is the selling price. (a) True (b) False
  13. 13.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  14. 14.One clay diya costs Joseph ₹35 to make and sells for ₹42. Is that a profit or a loss? (a) Profit (b) Loss
  15. 15.Gurpreet makes 14 clay diyas at a cost of ₹19 each and sells all of them at ₹20 each. What is the total profit (in ₹)?
  16. 16.One bag of popcorn costs Meera ₹46 to make and sells for ₹59. Is that a profit or a loss? (a) Loss (b) Profit
  17. 17.Ananya makes 19 potted plants at a cost of ₹36 each and sells all of them at ₹51 each. What is the total profit (in ₹)?
  18. 18.Kavya makes 30 glasses of chai at a cost of ₹8 each and sells all of them at ₹23 each. What is the total profit (in ₹)?
  19. 19.Arjun makes 11 friendship bands at a cost of ₹15 each and sells all of them at ₹21 each. What is the total profit (in ₹)?
  20. 20.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  21. 21.One clay diya costs Riya ₹22 to make and sells for ₹11. Is that a profit or a loss? (a) Loss (b) Profit
  22. 22.True or false: “the price on your board” is the selling price. (a) True (b) False
  23. 23.True or false: “money spent to get it” is the cost price. (a) True (b) False
  24. 24.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
  25. 25.🏷️ Cost price means… (a) the profit (b) the discount (c) what it cost you (d) what the buyer pays
  26. 26.It costs ₹55 to make one painted pebble. Kabir sells it for ₹58. What is the profit on one (in ₹)?
  27. 27.One handmade card costs ₹8 to make. Kabir wants a profit of ₹3 on each. What should the selling price be (in ₹)?
  28. 28.Diya makes 9 potted plants at a cost of ₹31 each and sells all of them at ₹39 each. What is the total profit (in ₹)?
  29. 29.One cup of lemonade costs ₹44 to make. Ananya wants a profit of ₹13 on each. What should the selling price be (in ₹)?
  30. 30.True or false: “what you paid for it” is the selling price. (a) True (b) False
  31. 31.One paper bookmark costs Saanvi ₹39 to make and sells for ₹29. Is that a profit or a loss? (a) Profit (b) Loss
  32. 32.True or false: “the wholesale price paid” is the selling price. (a) True (b) False
  33. 33.It costs ₹6 to make one bag of popcorn. Kabir sells it for ₹11. What is the profit on one (in ₹)?
  34. 34.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  35. 35.One friendship band costs Joseph ₹24 to make and sells for ₹34. Is that a profit or a loss? (a) Profit (b) Loss
  36. 36.Rohan makes 26 jute bags at a cost of ₹32 each and sells all of them at ₹45 each. What is the total profit (in ₹)?
  37. 37.One friendship band costs ₹21 to make. Dev wants a profit of ₹16 on each. What should the selling price be (in ₹)?
  38. 38.One cup of lemonade costs Tara ₹25 to make and sells for ₹36. Is that a profit or a loss? (a) Profit (b) Loss
  39. 39.It costs ₹26 to make one fruit cup. On the last day Ishaan sells it for only ₹16. How much is the loss on one (in ₹)?
  40. 40.It costs ₹8 to make one jute bag. On the last day Riya sells it for only ₹7. How much is the loss on one (in ₹)?

Answer key

  1. 2
  2. selling price
  3. False
  4. Profit
  5. 10
  6. SP less than CP
  7. Profit
  8. SP more than CP
  9. Loss
  10. True
  11. what the buyer pays
  12. False
  13. cost price
  14. Profit
  15. 14
  16. Profit
  17. 285
  18. 450
  19. 66
  20. selling price
  21. Loss
  22. True
  23. True
  24. selling price
  25. what it cost you
  26. 3
  27. 11
  28. 72
  29. 57
  30. False
  31. Loss
  32. False
  33. 5
  34. selling price
  35. Profit
  36. 338
  37. 37
  38. Profit
  39. 10
  40. 1

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